Foreign institutional investors (FIIs) have raised their stake in Housing Development and Infrastructure (HDIL) by 108 basis points to 42.54 percent in Q2FY15 from 41.46 percent as on June 30, 2014. However, domestic institutional investors’ (DIIs) shareholding in the company was unchanged and stood at 0.19% at the end of September 2014 quarter.
Meanwhile, non institutions were holding 21.11 percent stake in the company at the end of September 2014 quarter, down 108 basis points from 22.19 percent as on June 30, 2014. While, corporate bodies were holding 6.89 percent stake in the company at the end of September 2014 quarter, down 29 basis points from 7.18 percent as on June 30, 2014. Further, promoters’ shareholding was unchanged at 36.16 percent at the end of September 2014.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).